TwitterA spokesperson for the company confirmed that most of the hiring has been halted and that two employees have resigned.

As billionaire Elon Musk seeks completion of his $44 billion purchase deal for the company, and to take it private, this news comes at a time when he is attempting to make it public. Musk stated to banks that he will reduce executive and board compensation and help the company lower its other costs while raising capital. Reuters previously reported.

Twitter shares trade at $8 per share less than Elon’s purchase price. Investors may have some doubts about the transaction closing.

According to a spokesperson, Kayvon Beykpour, head of consumer and Bruce Falck lead revenue product are both leaving the company. Reuters reported earlier that Parag Agrawal, CEO of the company, informed employees via email.

A series of tweetsBeykpour claimed that it was not his choice to quit Twitter on Thursday. He stated that he had shared his news while on paternity leave.

He wrote, “Parag requested me to leave after letting I know that he wanted to take the team to a different direction.”

Falck tweetedOn Thursday, he expressed his gratitude to Twitter’s teams but didn’t address his exit.

Twitter announced that it would reduce non-labor cost and Jay Sullivan will take over as general manger of Bluebird (the consumer team) and interim general manager for Goldbird (the revenue team).

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